The newly built property was acquired from Vantage Communities. According to Yardi Matrix data, the property sold for $36 million, subjected to a $27 million loan held by Israel Bank of New York. At the time of the sale, the property was 87 percent leased.

“The Alamo acquisition reaffirms our commitment to San Antonio as a growing and vibrant city,” said Joe Lubeck, CEO of Electra America and a partner in Robbins. “Soon to be renamed Verandas at Alamo, we will upgrade amenities and services and look forward to being part of the Alamo community.”